15 November 2013 12:56 [Source: ICIS news]
LONDON (ICIS)--An initial European monoethylene glycol (MEG) contract price for November has been agreed at a decrease of €36/tonne ($49/tonne) from October, the seller involved said on Friday.
The deal was concluded at €949/tonne FD (free delivered) NWE (northwest Europe).
Industry participants had been expecting anything from a rollover to a small decrease of between €20-35/tonne.
The buyer was not available for comment.
($1 = €0.74)
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